The New Straits Times

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from January 01, 2004
Last Document: October 20, 2014

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The New Straits Times, October 20, 2014

News

Malaysia Secures Rm2.35b German Investments

FRANKFURT: Malaysia has attracted RM2.35 billion in investments from Germany during the its recent investment mission here. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the bulk of the investments were from the renewable energy sub-sector and the semiconductor subsector.

Winn Worldwide Plans Ipo

KUALA LUMPUR: WINN Worldwide Sdn Bhd, which owns the House of Leather retail chain, plans to raise capital on Bursa Malaysia to grow the business and expand overseas. According to the company's five-year business plan, an initial public offering (IPO) is on the cards.

Whb May Offload 25pc Stake in Klp

SHAH ALAM: Worldwide Holdings Bhd (WHB) is considering selling its 25 per cent stake in independent power producer (IPP) Kuala Langat Power Station (KLP) for RM500 million to RM700 million. Business Times understands that WHB could get an offer from 1Malaysia Development Bhd (1MDB).

Sabah Set to Grow Oil Palm Sector Via Epps

KOTA KINABALU: SABAH is committed to develop its oil palm sector through Entry Point Projects (EPPs) and ensure continuous improvement in environmental management under the industry. The EPPs includes replanting of oil palm, improving fresh fruit bunch yields, increasing oil extraction rate and improving workers' productivity, as well as developing biogas facilities at palm oil mills.

Q3 Performance On Target

THE Employees Provident Fund (EPF) is on track to pay its targeted dividend for 2014 based on its third-quarter performance but it is concerned that the last quarter may be impacted if market volatility continues. Its deputy chief executive (investment) Mohamad Nasir Ab Latif said as of last month, its performance was on target but the volatile market in the last few weeks had raised concerns.

Malaysia-Eu Fta Will Provide Growth Impetus

THE seeds are being planted in high fashion Milan and heads are turning towards Malaysia. It's not just our ubiquitous rubber or oil palm seed but the intricate "Rainforest Seed", a representation of the universality of the rainforest for food sustainability.

Local Bourse Likely to Enter Consolidation Mode This Week

BURSA Malaysia, largely oversold last week may enter into consolidation mode this week. Traders said the FTSE Bursa Malaysia KLCI (FBM KLCI) gained more than 20 points last Friday, which is considered high in a single day.

Joint Effort to Set Up Ppp Coe

PUTRAJAYA: THE Public-Private Partnership Unit (Ukas) under the Prime Minister's Department and the Commonwealth Association for Public Administration and Management (Capam) has signed an exchange of letters that paves the way for the setting up of the Public- Private Partnership Commonwealth Centre of Excellence (PPP CoE) in Malaysia. The signing yesterday marks a significant milestone, signalling the interests of Ukas and Capam in commencing discussions on establishing the centre.

Nurturing Solidarity

THE formation of Malaysia on September 16 1963 signifies the importance of building strong solidarity among the country's forefathers. This concept roots deeply in their foundation, paving way for undisputed, united drive to serve and protect national security, racial harmony and sovereign perpetually. This concept has bigger role than just serving the interest of the nation - the need to foster solidarity is evident among families and societies.

Fbm Klci Ripe for Oversold Rebound

THE FTSE Bursa Malaysia KLCI (FBM KLCI) suffered a steep correction to a fresh 12-month low last week, propelled by sell-off in global equities, that was driven by global economic weakness, plunging oil prices and potential outbreak of the Ebola virus in the United States. Market sentiment was also rattled by data from Europe that showed consumer prices in Sweden and Spain fell. The United Kingdom inflation slowed to a five-year low and a measure of German investor confidence decreased for a ...

Mudajaya Poised to Re-Test Overhead Resistance

DESPITE the sharp technical rebound last Friday, share prices on the local bourse continued to display their intermediate-term consolidations last week. The FTSE Bursa Malaysia KLCI (FBM KLCI) ended lower at 1,788.31 points, giving it week-on-week loss of 20.57 points, or 1.14 per cent.

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